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Speaking in a video conference organized by the Peterson Institute, turbo money printer Jerome Powell today reassured the market that negative rates are not something the Fed - which expanded its balance sheet by $2.6 trillion in the past two months
The government gives two months of payroll to small businesses to keep workers on the job but no customers are allowed to go to your shop!
Just to be clear, this means that the Fed is going to conjure money out of thin air, and then use that new money to buy ETFs.
Update: here are the highlights from Powell's speech per Bloomberg
Get ready to pay much more for groceries. I have been warning that the flood of new money that the Federal Reserve and Congress have been pumping into the system would have very serious consequences, and I have also been warning that food prices wou
Not even at the depths of the 2008 financial crisis, did the man who unleashed the biggest asset bubble in history, Ben Bernanke, dare to cross the bridge into the final circle of moral hazard hell by refusing to openly monetize corporate bonds (or s
There is a bevy of Fed speakers on deck today, all with a simple agenda of refuting last week's historic move in Eurodollars...
As of May 6, 2020, the Fed's Balance Sheet has ballooned to $6.72 Trillion.
President Donald Trump breaks a 250-year long stranglehold of the Royal Political Elite and their central banks.
The Federal Reserve seemingly is an ongoing mission to destroy the bottom 90%.
The phrase "don't fight the Fed" is an unfortunate but popular delusion. It presupposes that the central bank has limitless power to direct the economy because it can print limitless money.
It took over 200 years for the U.S. national debt to reach $1 Trillion. Now, $1 Trillion of debt is added in just 1 month! A monopoly central bank that counterfeits money paves the road to economic ruin. While Americans should have never allowed the
One Bank Explains Why QE No Longer Stimulates The Economy And Only Leads To Higher Stock Prices
Silver is the matrix of precious metals: on the one hand, it is an industrial metal, critical to the production process in many of the world's most in-demand products; and on the other hand, it has been 'money' for millennia, playing se
May 7, 2020. the $2.5 trillion they printed since March is more money than they printed in the first 95 years of the Federal Reserve's existence.
There are two parts behind the inflation mongering. The first, noted yesterday, is the Fed's balance sheet, particularly its supposedly monetary remainder called bank reserves.
The Federal Reserve is creating a massive amount of money out of thin air and injecting it into the economy.
The unprecedented monetary stimulus unleashed by the Federal Reserve to help combat the economy-destroying coronavirus has revived worries about hyperinflation which renders the dollar worthless and popular inflation hedges like gold rule the day.
Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown.
One week after Bank of America's Benjamin Bowler showed the one indicator that convinced him that another crash is coming, today the equity derivatives strategist doubles down...
Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown.
The 1Q GDP data releases for the US and euro area this week provide official confirmation of what we have known for some time – the recession has started. However, we remain of the view that this downturn will be sharper but shorter than the GFC.
Legendary stock market investor Warren Buffet added $10 billion in cash in the first quarter of 2020.
Responding indirectly to Jeff Gunlach's late Friday tweet, in which the bond king observed something we had noted previously, namely that "the Fed has not actually bought any Corporate Bonds via the shell company set up to circumvent the restrictions
International Man: Decades of money printing have created enormous distortions in the market. It seems that the coronavirus popped the Everything Bubble. Where do you see the stock market going?
Yesterday, when discussing the Fed's latest $6.66 trillion balance sheet, we said that more than one month after the Fed announced its backstop for investment grade bonds and ETFs...
A staggering 30 million Americans are unemployed in just 6 weeks. A calamity of this magnitude has been created by government action combined with the bursting of the biggest economic bubble to ever exist, courtesy of the Federal Reserve. Government
Need money? No Problem. But you better hurry cause it's going fast.
From an initial $75 billion per day when the Fed announced the launch of Unlimited QE in March, the US central bank first reduced its daily buying to $60 billion per day, then four weeks ago announced another 'taper' in its bond-buying program to $5
Today, Tim and recurring guest John Sneisen (The Economic Truth) discuss the phrase putting lipstick on a pig and what that means relative to the global economy and the potential end of lock downs in some states.
